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ayi payment by transfer

Opening a Bank Account in Shanghai: What You Actually Need

There's a moment in most expats' first month here — usually when the fees on foreign-card payments start adding up, or an ayi asks to be paid by transfer rather than cash — when opening a local bank account stops being optional and starts being obviously necessary. Here's exactly what that involves in 2026, with no surprises. The one rule that decides your timeline Chinese banks do not open...